Member Info for aprogerson

Thanks Troajan excellent interview with BH
Trafalgar: Excellent progress with 5 of 6 drill holes now completed and can expect first assays back mid-May with balance end of May-21. Confirmation that drilling has hit expected shallow and deeper targets, but await assays for grades

Cash position: BH confirmed current programme as announced is fully funded and also funds available for secondary programme late summer dependent on drilling results

Olympic Grades: BH confirmed GWMO chasing historic Olympic grades circa 35g/t gold at both Trafalgar and OMCO extension
Looks like lots to keep GC busy over the summer
ATB APR

@riseagain Very perceptive as always
ATB APR

@techtonic Yes just looking at RCR chart this morning as SP popped up to $30.5c from $26.5c on 27-Apr when RCR announced drilling start at its Laverton project.

Looks like the market is responding very favourably to the news, so will be very interesting over the next few weeks as Hasties near NCMs Telfer plus nearby South Telfer and Westin prospects newsflow starts up namely:
> Helicopter VTEM surveys 200m spacing for 1,100 line km at South Telfer and Westin prospects
> Hasties GAIP IP survey to commence end of April to identify deeper copper/gold mineralisation & successfully used at neighbouring properties
> Hasties drill contractors being procured for maiden RC Drill programme. Target start May/Jun-21
> Westin trial ultra-fine soil sampling programme planning underway
ATB APR

@Rio I for one would be very happy with a ARCM share price 'surprise' to the upside after SP broke down @26-Apr-21 out of the uptrend channel from early Jan-21. Target return to 6.6p or above to resume progress with higher highs and higher lows.

FYI Uptrend channel high is currently sitting at around 10p so lots to look forward to now Captain NvS is back on deck with timely RNS to settle investor nerves.
ATB APR

@mcadder Agreed, I suspect Brian is expecting a very busy few months and a fresh pair of experienced eyes is well worth the outlay especially as GC will have seen what can be achieved at GGP.
ATB APR

Unusual Price Action today dropping from 0.225p to 0.215p and then back again when 0.225p has been bottom of trading channel since early Feb-21 ... anyone got any idea what happened on no news?
ATB APR

@techtonic I've had Pires on my radar for some time, but just could not justify chasing the price which seems to have been based on sentiment alone looking at their NAV. GUN on the other hand seems to trade between NAV and a modest premium with very little of its potential priced in which is remarkable given its strong performance to date.

Looking forward to Low 6 IPO, Rogue Baron divestments and Rincon maiden drilling results.
ATB APR

Daily chart shows good SP recovery from double-bottom at 2.15p on 11 & 31-March with close at 2.85p today pushing up through both 50DMA and 100DMA today at 2.75p.

Next target on daily chart is 3p which is the 50% fib retracement from 1.65p low to 4.35p high on 11-Jan-21 with 'stretch' 4-5 week target of circa 5 to 5.2p trend channel top projected from recent high/low points.
AIMHO & ATB APR

Copper grades in excess of 0.5% copper maybe economic but 10%, 15% or 20% is not guaranteed to be economic either ... its all about grade continuity, scale and depth. The Big One has headline very high grades and is shallow which is very encouraging and CCZ are stepping out to confirm extent and continuity so the jury is still out. I strongly suspect the push to declare a maiden JORC for BO is to address the markets perceived lack of confidence as exhibited by large SP falls after recent results RNs.

IMHO I'm inclined towards confidence that this will come good given the other historical drill results that have been found but CCZ cannot rely on. A decent 3D model showing the relationship between the drill results to date will dispel much of this doubt and historical results can be used to 'support' whatever level of confidence that is assigned to the JORC. If nothing else these historical results may lead CCZ to further drilling especially if they identify more mineralisation in unexpected places for this or later drilling campaigns to follow up on.

... and then there is Arya
ATB APR

F79 I'm with you there. Doubt we will get any details on EA or AAL for obvious NDA reasons, but fab chance to put some of the more popular 'conspiracy' theories to bed and expand on what we can talk about focus on exploration drilling at depth which would be very welcome
ATB APR

Quarterly report by its nature is backward looking so any/all results are also historical
ATB APR

@Shorn Like you I am a Copper/Gold follower and I have a mix of junior explorers and producers after exiting GGP Sept-20 & recycled profits into ARCM, CCZ, Rincon, AAZ, GWMO and GUN (for variety) which I hold for a number of reasons:

> Inflation/deflation suits gold with negative 'real' interest rates due to financial repression driven by need for many governments to inflate away central bank debts rather than 'open' default
> Commodity price rises driven by need for lots of copper & specialist metals for EVs, windfarms and charging infrastructure
> Commodity price rises also driven by supply side constraints and weakening dollar (recent DXY bear flag broke down 19/4)
> Hedge vs. possible monetary reset backed by fractional gold reserve holdings. Central banks dissing gold/silver, manipulating the price down, gold repatriations and banks stocking up ... I follow the actions not the words!
> Silver is most shorted metal with prices below those 2010/2013 which for a predominantly industrial metal makes very little sense. Just try buying some coins or bars for yourself with huge margin over spot if you can source them ... good luck!
> If inflation really takes off large amounts of institutional money will cycle out of growth into value stocks with a hefty allocation to gold and PGM producers especially those paying dividends. Move is already underway
> If governments continue to talk tough on or worst still regulate crypto then smart money will want a new home

I do think Majors now have much stronger balance sheets and will be looking to grow both their production and reserves , via JVs, buyouts & mergers of well advanced juniors/mid-tiers with good assets. Copper is a HUGE challenge due to the often 15+ year mine development cycles and a dearth of big projects.

I don't know about you, but I have a 3-10 year investment horizon and look for juniors with a transformational opportunity so I can recycle profits into dividend paying smaller producers that have decent growth opportunities themselves.

PGM explorers have recapitalised over the year and lost maybe 20-30% without discoveries in the gold/silver pullback whereas producers have been hit hard losing 30-55% in some cases especially those with high AISCs. Already declared JORC resources priced at $1300 gold or $20 silver or $6,500 copper will be revised upwards and more investment will trickle down.

I suspect copper producers/explorers will lead the way out of this over the next 6-18 months followed by silver and then gold ... but what do I know!?
Clearly AIMHO & woefully deranged
ATB APR

Drill collars are normally cemented and sealed so can be reused at later date if required.
ATB APR

@CliffEdge Classic post.
I can't get the soundtrack out of my head now, but could you produce digital copies using NFTs so we can all frame it on our PCs please?
ATB APR

Also spotted South Telfer (Hasties & Westin) exploration news update from 22-Apr-21 on ASX https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02366315-6A1029508?access_token=83ff96335c2d45a094df02a206a39ff4

Laverton: 5,000m AC Drilling programme now commenced
South Telfer:
> Heritage clearances completed @Hasties and South Telfer
> Helicopter VTEM surveys 200m spacing for 1,100 line km at South Telfer and Westin prospects
> Hasties GAIP IP survey to commence end of April to identify deeper copper/gold mineralisation & successfully used at neighbouring properties
> Hasties drill contractors being procured for maiden RC Drill programme. Target start May/Jun-21
> Westin trial ultra-fine soil sampling programme planning underway

Cash to 31-Mar-21: A$5.3m or £2.9m
MCap @28-Apr-21: A$13.6m or £7.5m

Really comprehensive start to the year, solid cash position and very thorough approach to Hasties, South Telfer and under-explored Westin prospect areas. MCap of £7.5m is remarkably low given £2.9m of this is held as cash valuing underlying business at £4.6m ... talk about overlooked deep value!
AIMHO & ATB APR

@CanaryDwarf Nice spot. Details of 5,000m AC drill programme at Laverton can be found @ https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02367770-6A1030086?access_token=83ff96335c2d45a094df02a206a39ff4

Admittedly Spike Milligan's "I told you I was ill" is a tough act to follow

@FoolandHorses Do you do obituaries as well?
Appy

@kewben Yes I spotted the now perfectly reasonable caveat which should have been in the original RNS for context and balance.
Happy now now especially as VERY full update
ATB APR

Excellent RNS with Trafalgar RC drilling proceeding well ahead of schedule. Bagged and tagged rock chips now awaiting lab processing for assay results to confirm mineralisation grades.
M4 copper drilling awaiting rig upgrades and mods.
Not long to wait now!
ATB APR